NASDAQ:PENN - Penn National Gaming Stock Price, News, & Analysis

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$21.43 -0.77 (-3.47 %)
(As of 03/21/2019 02:01 AM ET)
Previous Close$22.20
Today's Range$21.2650 - $22.11
52-Week Range$17.30 - $36.90
Volume2.45 million shs
Average Volume1.84 million shs
Market Capitalization$2.50 billion
P/E Ratio23.04
Dividend YieldN/A
Beta1.89
Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through Northeast, South/West, and Midwest segments. As of December 31, 2017, it operated 27 facilities in 17 jurisdictions, including California, Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

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Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
SectorConsumer Discretionary
Current SymbolNASDAQ:PENN
CUSIP70756910
Phone610-373-2400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.59 billion
Cash Flow$2.9930 per share
Book Value$6.15 per share

Profitability

Net Income$93.51 million

Miscellaneous

Employees25,750
Market Cap$2.50 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

Penn National Gaming (NASDAQ:PENN) Frequently Asked Questions

What is Penn National Gaming's stock symbol?

Penn National Gaming trades on the NASDAQ under the ticker symbol "PENN."

How will Penn National Gaming's stock buyback program work?

Penn National Gaming announced that its board has authorized a share buyback program on Wednesday, January 9th 2019, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

How were Penn National Gaming's earnings last quarter?

Penn National Gaming, Inc (NASDAQ:PENN) issued its quarterly earnings results on Thursday, February, 7th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.03. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Penn National Gaming had a net margin of 2.61% and a return on equity of 47.01%. The business's quarterly revenue was up 50.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.57) earnings per share. View Penn National Gaming's Earnings History.

When is Penn National Gaming's next earnings date?

Penn National Gaming is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Penn National Gaming.

What guidance has Penn National Gaming issued on next quarter's earnings?

Penn National Gaming issued an update on its FY 2019 earnings guidance on Thursday, February, 7th. The company provided EPS guidance of $1.37-1.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.64. The company issued revenue guidance of $5.208-5.208 billion, compared to the consensus revenue estimate of $5.31 billion.Penn National Gaming also updated its FY19 guidance to $1.37 EPS.

What price target have analysts set for PENN?

9 Wall Street analysts have issued 12-month price targets for Penn National Gaming's stock. Their forecasts range from $24.17 to $40.00. On average, they expect Penn National Gaming's share price to reach $33.2713 in the next year. This suggests a possible upside of 55.3% from the stock's current price. View Analyst Price Targets for Penn National Gaming.

What is the consensus analysts' recommendation for Penn National Gaming?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penn National Gaming in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Penn National Gaming.

Has Penn National Gaming been receiving favorable news coverage?

Press coverage about PENN stock has been trending somewhat negative this week, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Penn National Gaming earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term.

Who are some of Penn National Gaming's key competitors?

What other stocks do shareholders of Penn National Gaming own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Penn National Gaming investors own include Canopy Growth (CGC), Netflix (NFLX), Las Vegas Sands (LVS), General Electric (GE), Energy Transfer LP Unit (ET), Cornerstone Total Return Fund (CRF), Ford Motor (F), AT&T (T), Micron Technology (MU) and CBL & Associates Properties (CBL).

Who are Penn National Gaming's key executives?

Penn National Gaming's management team includes the folowing people:
  • Mr. Timothy J. Wilmott, CEO & Director (Age 60)
  • Mr. Jay A. Snowden, Pres & COO (Age 43)
  • Mr. William J. Fair, Exec. VP of Fin., CFO & Treasurer (Age 56)
  • Mr. Carl Sottosanti, Exec. VP, Gen. Counsel & Sec. (Age 54)
  • Ms. Christine LaBombard, Sr. VP, Chief Accounting Officer & Principal Accounting Officer (Age 49)

Who are Penn National Gaming's major shareholders?

Penn National Gaming's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.49%), FMR LLC (6.08%), Eagle Asset Management Inc. (2.79%), Bank of New York Mellon Corp (2.74%), Victory Capital Management Inc. (1.63%) and Northern Trust Corp (1.39%). Company insiders that own Penn National Gaming stock include Carl Sottosanti, Jane Scaccetti, Jay A Snowden, Peter M Carlino, Ronald J Naples, Saul Reibstein and Timothy J Wilmott. View Institutional Ownership Trends for Penn National Gaming.

Which major investors are selling Penn National Gaming stock?

PENN stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Advisers LP, Principal Financial Group Inc., Hennessy Advisors Inc., Squarepoint Ops LLC, First Trust Advisors LP, Legal & General Group Plc, Comerica Bank and New York State Teachers Retirement System. Company insiders that have sold Penn National Gaming company stock in the last year include Carl Sottosanti, Peter M Carlino, Saul Reibstein and Timothy J Wilmott. View Insider Buying and Selling for Penn National Gaming.

Which major investors are buying Penn National Gaming stock?

PENN stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Norges Bank, Channing Capital Management LLC, Hsbc Holdings PLC, Jennison Associates LLC, FMR LLC, Oregon Public Employees Retirement Fund and Victory Capital Management Inc.. Company insiders that have bought Penn National Gaming stock in the last two years include Jane Scaccetti, Jay A Snowden, Ronald J Naples and Timothy J Wilmott. View Insider Buying and Selling for Penn National Gaming.

How do I buy shares of Penn National Gaming?

Shares of PENN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Penn National Gaming's stock price today?

One share of PENN stock can currently be purchased for approximately $21.43.

How big of a company is Penn National Gaming?

Penn National Gaming has a market capitalization of $2.50 billion and generates $3.59 billion in revenue each year. The company earns $93.51 million in net income (profit) each year or $0.93 on an earnings per share basis. Penn National Gaming employs 25,750 workers across the globe.

What is Penn National Gaming's official website?

The official website for Penn National Gaming is http://www.pngaming.com.

How can I contact Penn National Gaming?

Penn National Gaming's mailing address is 825 BERKSHIRE BLVD STE 200, WYOMISSING PA, 19610. The company can be reached via phone at 610-373-2400 or via email at [email protected]


MarketBeat Community Rating for Penn National Gaming (NASDAQ PENN)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  556 (Vote Outperform)
Underperform Votes:  433 (Vote Underperform)
Total Votes:  989
MarketBeat's community ratings are surveys of what our community members think about Penn National Gaming and other stocks. Vote "Outperform" if you believe PENN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PENN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/21/2019 by MarketBeat.com Staff

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